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Roubini on the Roubini rally: Huh?

Roubini on the Roubini rally: Huh?
Comments (14)
  • The Gearhead
    , contributor
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    No doubt this clarification will boost bullish sentiment for Friday.
    16 Jul 2009, 05:20 PM Reply Like
  • tunaman4u2
    , contributor
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    Inflationary future... with 11% unemployment... thats awesome.
    16 Jul 2009, 05:24 PM Reply Like
  • Stone Fox Capital
    , contributor
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    All the economic data suggests a 19 month recession with a V shaped recovery. Just about every data point is snapping back pretty strong. It seems very unlikely we'll see 6 more months of this recession especially considering the stimulus package is just now kicking in. The more possible issue is a double dip recession once the stimulus slows down, not the 24 month recession as Dr Doom suggests. How in the world would the recession last 6 more months? The extreme amount of the inventory correction all but makes it a fact that the economy is now growing.
    16 Jul 2009, 05:25 PM Reply Like
  • First Adopter
    , contributor
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    CNBC has been soooo wrong today it's not funny. Fake Roubini report that started huge rally. Jim Goldman on Google revenue miss when they didn't miss and saying IBM beat earnings by 30% when it was 30c.
    16 Jul 2009, 05:25 PM Reply Like
  • montanamark
    , contributor
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    no clarification necessary. cnbc simply misrepresented his position ALL day and now they have the gall to accuse him of reversing.
    16 Jul 2009, 05:27 PM Reply Like
  • montanamark
    , contributor
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    did jim goldman have foam on his mouth when talking about earnings?
    16 Jul 2009, 05:28 PM Reply Like
  • montanamark
    , contributor
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    cnbc should stick to its forte - promoting porn
    16 Jul 2009, 05:29 PM Reply Like
  • TBobb
    , contributor
    Comments (3) | Send Message
     
    Per Bloomberg - July 16 (Bloomberg) -- The worst U.S. recession in at least five decades may be over at year’s end, said Nouriel Roubini, the New York University economist who predicted the financial crisis.

     

    The headline and story seem to do a poor job of explaining that he thinks we will likely fall back into recession again in fairly quick order possibly within 2010. I think that is the reason for his clarification statement.

     

    In any event, his clarification statement seems pretty consistent with what he's been saying for as long as I've been paying attention to him.
    16 Jul 2009, 05:29 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (5585) | Send Message
     
    Just like Whitney though, their tone seems to be changing. Their story might be similar but they both seem to toning down the negativity. Take it for what its worth, but they are both way behind on the rally so they are both lagging indicators now.
    16 Jul 2009, 05:33 PM Reply Like
  • DMC Results
    , contributor
    Comments (3) | Send Message
     
    So CNBC caused a fake rally! Unbelievable! They (CNBC) reports about changing company leadership they should be changing how and who is communicating with the public!
    16 Jul 2009, 05:45 PM Reply Like
  • Relative Leverage
    , contributor
    Comments (52) | Send Message
     
    It sounds like everyone has tried to manifest a recovery in their minds today. When manifestations of reality move to far from ACTUAL reality...its time to take the other side of the trade...
    16 Jul 2009, 06:13 PM Reply Like
  • Missing_Link
    , contributor
    Comments (452) | Send Message
     
    People, don't you get it?

     

    Roubini is the excuse, not the reason.
    16 Jul 2009, 09:00 PM Reply Like
  • Niner
    , contributor
    Comments (791) | Send Message
     
    What caused the fake after hours rally in the SPY?
    16 Jul 2009, 10:10 PM Reply Like
  • Missing_Link
    , contributor
    Comments (452) | Send Message
     
    Why do you assume there had to be a cause?
    16 Jul 2009, 10:24 PM Reply Like
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